Previous Year Question
The following Lists-I and II show the names of Economists/Authors and their books respectively. Match List-I with List-II and choose the correct answer using the codes given below the lists:
List-I (Economist/Author) | List-II (Book) |
A. Myrdal | 1. Economic Theory and Under-developed Regions |
B. Hirschman | 2. The Strategy of Economic Development |
C. Kaldor | 3. Strategic Factors in Economic Development |
D. Adam Smith | 4. The Wealth of Nations |
Codes:
A-1, B-2, C-3, D-4
A-2, B-3, C-1, D-4
A-3, B-2, C-1, D-4
A-2, B-1, C-3, D-4
Correct Answer: A
Detailed Solution
Myrdal — Economic Theory and Under-developed Regions: The noted Swedish economist Gunnar Myrdal wrote this book. In development economics, Myrdal is particularly associated with concepts such as Cumulative Causation and Backwash and Spread Effects.
Hirschman — The Strategy of Economic Development: This well-known work was written by Albert O. Hirschman. Hirschman emphasized the Unbalanced Growth Strategy and explained the importance of forward and backward linkages in development.
Kaldor — Strategic Factors in Economic Development: This book is associated with the noted economist Nicholas Kaldor, who made important contributions to the study of economic growth, capital accumulation and industrial development.
Adam Smith — The Wealth of Nations: The full title of Adam Smith's famous work is An Inquiry into the Nature and Causes of the Wealth of Nations. It was published in 1776 and is regarded as one of the foundational works of classical economics.
Myrdal → Economic Theory and Under-developed Regions
Hirschman → The Strategy of Economic Development
Kaldor → Strategic Factors in Economic Development
Adam Smith → The Wealth of Nations